Climate Tech in 2021 and Beyond: VC Stats, SPAC Performance, Ecosystem Overview

Climate change is one of the most threatening crises of our time and the world is in an urgent need of technology innovation to stop dangerously progressing global warming.

In this report, we deep dive into the climate tech ecosystem to explore key players, analyse venture funding statistics and identify sector trends we are likely to see in 2021.

• Climate tech is a $2.4 trillion market and encompasses broad set of sectors with core focus on Earth decarbonization
• Over $75 billion of venture capital has been invested into climate tech startups between 2015–2020, and nearly $20 billion in 2020 alone
• Electric vehicle makers and EV infrastructure companies get the most of VC funding, followed by clean energy
• Vast majority of venture capital goes to US and China, but Europe is catching up very quickly
• Exits in 2020 were dominated by SPACs and the boom is set to continue in 2021